Question: How much can a landlord charge a tenant for a security deposit in Michigan?
Answer: A security deposit is a refundable fee held by the landlord against the tenant for any damage done to the property during the term of the lease. The security deposit is considered the property of the tenant. In Michigan, the landlord cannot ask for a security deposit in excess of one-and-a-half times the monthly rent.
The answer listed is not legal advice. For more detailed information, refer to the Michigan publication Tenants and Landlords: A Practical Guide.
